Algeria’s state agency ONAB has reportedly purchased an unspecified volume of animal feed corn from South America in an international tender, according to European traders. The tender, which sought up to 240,000 tons of corn, closed on Tuesday. The corn is expected to be sourced from either Argentina or Brazil.
While the total volume of corn purchased remains unclear, traders suggest that at least one shipment of approximately 40,000 tons has been secured. The tender outlined shipment requirements for the period between December 1 and December 15, with consignments ranging from 30,000 to 40,000 tons each, potentially totaling up to six separate deliveries.
The transaction reflects ongoing demand for South American corn in the global market, with Algeria seeking to meet its animal feed requirements. However, traders indicated that further details, including exact volumes and pricing, may emerge as assessments continue.
This procurement highlights the strategic importance of South American countries like Argentina and Brazil as leading suppliers of corn to global markets. It also underscores Algeria’s reliance on imports to fulfill its agricultural and feedstock needs.
As discussions and analysis among traders persist, more concrete details about the tender’s outcomes are expected in the coming days. The transaction demonstrates the competitive nature of international corn trade and Algeria’s role as a significant buyer in the global agricultural market.
